Prin of Microeconomics

Catalog description

Prerequisite: Reading: Grade of C or better in RDG 091 or LTC 099, or satisfaction of other placement criteria. Writing: Grade of C or better in ENG 098 or LTC 099 or satisfaction of other placement criteria. Math: Grade of C or better in MTH 098 or MTH 099, or satisfaction of other placement criteria.+ ^ A basic course introducing the core microeconomic terms and models applied to the study of individual decision makers and markets. The class includes an overview of the economic way of thinking, elasticity of demand and supply, consumer theory, production and cost theories, market structures, resource markets, and the impact of government actions in individual decision makers and markets. (1.1) Fulfills the ECC/IAI General Education/Social Sciences requirement. IAI Course Number: S3 902 Proficiency Credit Available (3 C) Pass/No Credit Not Available